Tag Archives: federal revenue

CBO: FY 2016 Federal Budget Deficit to Reach $534B

A new Congressional Budget Office report forecasts the federal budget deficit to hit $534 billion in fiscal year 2016, about $100 billion higher than the agency’s shortfall estimates in the previous fiscal year. CBO said in the March 2016 report that it predicts public debt to reach 86 percent of gross domestic …

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CBO Lowers FY 2015 Deficit Projection to $426B

A new Congressional Budget Office report predicts the budget deficit to hit $426 billion, a figure $60 billion lower than the agency’s most recent shortfall estimates in March and $59 billion down from the previous fiscal year. CBO said Tuesday it reduced its budget deficit projection for 2015 due to higher-than-anticipated …

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